Key takeaways
Bitcoin’s realized cap has hit a record $1 trillion, while billions in short positions could trigger a sharp rally if BTC climbs toward $120K.
Bitcoin’s [BTC] catching its breath, but the market is anything but quiet.
The king coin is at a calmer phase after weeks of frenzied trading, even as realized capital just notched an unprecedented $1 trillion milestone.
Add in nearly $2 billion in shorts stacked for liquidation at the $120K mark — Bitcoin’s next move will not be far away.
A milestone beyond price
Bitcoin’s realized cap has officially crossed the $1 trillion mark, a first in its history!
Realized cap measures the value of coins based on the last time they moved, capturing actual capital that has entered the network.
Source: CryptoQuant
This milestone proves that Bitcoin’s latest rally is about real money flowing in at record levels. It is a sign of confidence among investors, as more coins are being bought and held at these elevated valuations.
If momentum continues, the path to a $2 trillion realized cap could redefine Bitcoin’s standing in global markets.
Active supply cools
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